Equitrans Midstream Co. (NYSE:ETRN) Stock Holdings Decreased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC reduced its position in Equitrans Midstream Co. (NYSE:ETRN) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,245 shares of the company’s stock after selling 1,561 shares during the period. SeaCrest Wealth Management LLC’s holdings in Equitrans Midstream were worth $263,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of Equitrans Midstream in the fourth quarter worth approximately $573,000. Dimensional Fund Advisors LP increased its position in shares of Equitrans Midstream by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,740,820 shares of the company’s stock worth $88,982,000 after acquiring an additional 260,924 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of Equitrans Midstream in the first quarter worth approximately $15,308,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Equitrans Midstream by 28.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 7,931,370 shares of the company’s stock worth $80,741,000 after acquiring an additional 1,758,270 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Equitrans Midstream in the fourth quarter worth approximately $204,000. 87.35% of the stock is owned by hedge funds and other institutional investors.

Equitrans Midstream Stock Performance

NYSE ETRN remained flat at $12.42 during trading on Tuesday. The company has a debt-to-equity ratio of 4.88, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 11.19 and a beta of 2.01. The business’s fifty day simple moving average is $12.83 and its two-hundred day simple moving average is $12.47. Equitrans Midstream Co. has a 52 week low of $8.57 and a 52 week high of $14.64.

Wall Street Analyst Weigh In

Several research firms recently commented on ETRN. Morgan Stanley raised their price target on shares of Equitrans Midstream from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. US Capital Advisors cut shares of Equitrans Midstream from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company raised their price target on shares of Equitrans Midstream from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.10.

Equitrans Midstream Profile

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems.